According to Foresight News, the South African Financial Sector Conduct Authority (FSCA) has granted cryptocurrency licenses to 75 institutions. The FSCA reminds the public that its licensing powers are limited to the authorization and supervision of Crypto Asset Service Providers (CASPs). The scope of services of CASPs is limited to the provision of financial services related to crypto assets as defined in the Financial Advisory and Intermediary Services (FAIS) Act.
